Monero (XMR) Achieves Market Capitalization of $2.16 Billion

Monero (XMR) traded down 2.3% against the dollar during the one day period ending at 15:00 PM Eastern on April 18th. In the last week, Monero has traded down 11.7% against the dollar. One Monero coin can now be purchased for $117.09 or 0.00184860 BTC on cryptocurrency exchanges. Monero has a total market capitalization of $2.16 billion and approximately $52.94 million worth of Monero was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 3.8% higher against the dollar and now trades at $63,339.19 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.2% higher against the dollar and now trades at $0.15 or 0.00000238 BTC.
• Bitcoin Cash (BCH) traded up 3.4% against the dollar and now trades at $481.53 or 0.00760239 BTC.
• Litecoin (LTC) traded up 1.6% against the dollar and now trades at $80.66 or 0.00127350 BTC.
• UNUS SED LEO (LEO) traded down 0.4% against the dollar and now trades at $5.86 or 0.00009249 BTC.
• Ethereum Classic (ETC) traded up 1.8% against the dollar and now trades at $26.03 or 0.00041103 BTC.
• Arweave (AR) traded 1.7% higher against the dollar and now trades at $25.19 or 0.00039763 BTC.
• Bitcoin SV (BSV) traded 1.3% higher against the dollar and now trades at $66.80 or 0.00105462 BTC.
• eCash (XEC) traded up 2.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded 0.2% lower against the dollar and now trades at $0.23 or 0.00000368 BTC.

Monero Profile

Monero (XMR) is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. Its launch date was April 18th, 2014. Monero’s total supply is 18,425,322 coins. Monero’s official Twitter account is @monero and its Facebook page is accessible here. The official website for Monero is www.getmonero.org. Monero’s official message board is forum.getmonero.org. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here.

According to CryptoCompare, “Monero (XMR) is a decentralized cryptocurrency created in April 2014 by a group of developers led by the pseudonymous developer “thankful_for_today”. It utilizes a combination of ring signatures, ring confidential transactions and stealth addresses to protect sender and receiver privacy, and employs a proof-of-work consensus algorithm to ensure the security of the network. XMR is used as a medium of exchange between individuals and organizations, allowing for fast and secure money transfers over the internet, and can be exchanged for other cryptocurrencies and fiat currencies. It is listed on a variety of cryptocurrency exchanges and is accepted by many merchants and services.”

Monero Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the aforementioned exchanges.

XMR/USD price chart by TradingView